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Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
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Name : |
SHYAMALA INTERIOR |
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Registered
Office : |
#118/1B, Behind Bajaj Service Centre, Near By Dare, Kagadaspura Main, C.V. Raman Nagar, Bengaluru-560093, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Year of
Establishment : |
2005 |
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Capital
Investment |
About Rs. 5.000 Millions |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business
: |
Manufacturer of Solid Wood Doors and Shutters. |
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No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 20000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietory
concern having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are usually correct and as per commitment. The concern can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
#118/1B, Behind Bajaj Service Centre, Near By Dare, Kagadaspura Main, C.V. Raman Nagar, Bangalore-560093, Karnataka, India |
|
Tel. No.: |
91-80-32024070 |
|
Mobile No.: |
91-8892555115 / 9686748616 (Mr. K.R. Subramanian) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
15000 sq.ft. |
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Location : |
Rented |
Note: Proposing New Works – 50000 sq.ft.
(Owned)
SOLE PROPRIETOR
|
Name : |
Mr. K.R. Subramanian |
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Designation : |
Proprietor |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Engineer |
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Experience : |
15 Years |
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PAN No.: |
APJPS3707G |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Solid Wood Doors and Shutters. |
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Products : |
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Agencies Held : |
Proposing all India Network of Distributors |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Against Payment |
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Purchasing : |
Against Payment |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
Andhra Bank, Kaggadaspura, Bangalore- |
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Facilities : |
Operating on Own funds |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bhatt Associates Chartered Accountants |
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Memberships : |
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CAPITAL STRUCTURE
As on 31.03.2012
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Capital Investment : |
|
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Owned : |
About Rs. 5.000 Millions |
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Borrowed : |
-- |
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Total : |
About Rs. 5.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
|
Particulars |
|
31.03.2012 |
31.03.2011 |
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Sales Turnover (Approximately) |
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12.500 |
10.000 |
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Profit/Loss for the year |
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About 10-15% |
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Expected Sales (2012-2013) : Rs. 20.000
Millions
Average Value of inventories at any given time About Rs. 4.000 Millions
Note: Sole Proprietory and
Partnership concerns are exempted from filing their financials with the
Government Authorities or Registry.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
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6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
No |
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10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-------- |
|
22] |
Litigations that the firm
/ promoter involved in |
-------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-------- |
|
26] |
Buyer visit details |
-------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |